Technical analysis Brent for 15.03.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 98.60. The closest resistance is the level 102.40
Key levels
- 118.30, 112.30, 108.50, 105.50, 102.40, 98.60, 92.70, 88.75
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 102.40, with Take Profit of 92.70 and Stop Loss of 105.50
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 105.50, with Take Profit of 112.30 and Stop Loss of 102.40
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.